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Preston Heights Housing Information

IndexPreston HeightsIllinoisNational
Median home price$104,900$174,800$184,700
Median rent asked$943$925$949
Avg. people per household3.02.62.6
Owner occupied households62.1%66.0%63.6%
Renter occupied households37.9%34.0%36.4%
The above shows an overview of the real estate market in Preston Heights, IL. Note how the median home price for Preston Heights, IL runs $104,900, which is 40% lower than the average property price for Illinois. So you’re going to get real estate in Preston Heights, IL that is on-average more affordable than what you’ll find in the rest of Illinois. As for rent, the median for Preston Heights, IL runs $943, which is comparatively 2% higher than the average rent for Illinois. For Preston Heights, IL, about 62.1% of the population consist of home owners with about 3.0 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Preston Heights, IL offers a wide variety of real estate. To find your perfect home in Preston Heights, IL, filter your choice by price, location, and number of beds and baths using the search area above.

Preston Heights Home Affordability

When deciding where to purchase Preston Heights, IL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Preston Heights, IL the median home price is $104,900 and $43,000 is the median household income. As a result, the home price to income ratio in Preston Heights, IL is 2.4x, which is 17% lower than the Illinois average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Preston Heights, IL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Preston Heights, IL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Wilmington village, IL144$55,00070%
Fairmont, IL2,516$90,50051%
Ingalls Park, IL2,872$92,60050%
Rockdale, IL2,151$130,90029%
Crystal Lawns, IL2,263$146,80021%
Preston Heights, IL2,916$104,90043%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Hamilton, IL2,916$94,90049%
Rineyville, KY2,916$180,6002%
Bal Harbour, FL2,917$641,900248%
Walsenburg, CO2,917$91,20051%
Drum Point, MD2,917$270,10046%
Preston Heights, IL2,916$104,90043%

Source: The Preston Heights, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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